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The Bank of Israel reduces the interest rate by 0.25% to 1.5 %
13/05/2013 | The Bank of Israel reduces the interest rate by 0.25 percentage points to 1.5 %, effective May 17, 2013. In addition, the Monetary Committee introduces a foreign exchange purchase plan to offset the effect of natural gas production.
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The Bank of Israel will purchase foreign exchange in order to offset the effect of natural gas production on the exchange rate
13/05/2013 | Natural gas production in Israel is causing an improvement in the current account, which is leading to appreciation pressures on the shekel. This phenomenon, often referred to as “Dutch disease” is liable to negatively impact Israel’s economy.
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Response to the economic plan presented by the Minister of Finance
09/05/2013 | The Governor of the Bank of Israel commented today on the economic plan for 2013–14 presented by Minister of Finance Yair Lapid
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Barry Topf retiring after 30 years at the Bank of Israel
08/05/2013 | Barry Topf, Senior Advisor to the Governor on Monetary Policy Issues and member of the Monetary Committee since its establishment in 2011, has announced his resignation after serving 30 years at the Bank of Israel.
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Issuing settlement licenses to entities settling debit card transactions
08/05/2013 | Issuing settlement licenses to entities dealing with the settlement of debit card transactions.
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Israel’s foreign currency market in April 2013
08/05/2013 | The Exchange Rate, exchange Rate Volatility and the Volume of Trade in the Foreign Currency Market.
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Foreign Exchange Reserves in the Bank of Israel, April 2013
07/05/2013 | Israel’s foreign exchange reserves at the end of April 2013 stood at $77,146 million, an increase of $179 million from their level at the end of March.
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Expanding information for those having difficulties repaying mortgages
06/05/2013 | The Supervisor of Banks is acting to expand information for those who are having difficulties repaying mortgage loans
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Bank of Israel Response to the Government's Decision on the 2013-2014 Budget
05/05/2013 | The Bank of Israel welcomes the fact that the Ministry of Finance has decided to place the deficit ceiling for 2014 at 3 percent of GDP.
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Capital flows in the financial account, March 2013
05/05/2013 | Nonresidents - Realizations of government bonds and makam and Residents - Continued investment in foreign shares by institutional investors.
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The Governor at the Knesset Finance Committee on the housing market
29/04/2013 | The Governor of the Bank of Israel spoke today at a Knesset Finance Committee discussion on the housing market. Following are the main points.
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The Israeli Government approved the design of the new banknotes
28/04/2013 | The designs which were approved are of the first two denominations that will enter circulation—NIS 50 and NIS 200.
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Debt Developments in the Economy, February-March 2013
28/04/2013 | Business sector debt declined by about 0.1% to around NIS 785 billion in February. Households' housing debt increased by about NIS 1 billion (0.4%), to about NIS 272 billion at the end of the month.
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Remarks by the Governor at the Institute for National Security Studies Conference
23/04/2013 | The Governor of the Bank of Israel spoke today at the Institute for National Security Studies conference. The following are the main points of his remarks:
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The State-of-the-Economy Index for March 2013 increases by 0.1%
23/04/2013 | The increase in the Index this month is lower than that of the first two months of the year.
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Remarks by David Zaken, the Supervisor of Banks, to the Finance Committee
23/04/2013 | Regarding the considerations and authorities of banking corporations in providing credit and writing off debts
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The BOI supports the Finance Minister's decision on deficit target
22/04/2013 | The Bank of Israel supports the Finance Minister's decision to set a deficit target of 3 percent for 2014.
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The BOI is continuing to examine the matter of Ganden's debt to Bank Leumi
20/04/2013 | The Bank of Israel has taken note of the notice by Bank Leumi that the debt restructuring deal between the bank and Ganden Holdings Ltd. has become superfluous.
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The Minister of Finance and the Governor of the Bank of Israel have decided to establish a committee to assess the issue of debt restructuring deals
19/04/2013 | Following discussions held this week regarding the debt restructuring proceedings between Bank Leumi and Ganden Holdings Ltd. controlled by Nochi Dankner, and today's notice by Bank Leumi of the cancellation of the debt restructuring deal,
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Expected Rate of Inflation and the Money Supply
18/04/2013 | Expected Rate of Inflation Derived from the Capital Market, Forecasters' Inflation Expectations for March-April 2013, and the Money Supply
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New study: Estimating the NAIRU for Israel, 1992–2011
17/04/2013 | The Non-Accelerating Inflation Rate of Unemployment ("NAIRU") is an important variable in managing monetary policy. A new study presents an updated estimate of the NAIRU for the Israeli economy
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Capital flows in the financial account, February 2013
10/04/2013 | Non-residents investments in government bonds in Israel, and sales of makam and residents continued investment in foreign shares by institutional investors
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The Bank of Israel sees continued improvement in budget performance of local authorities
10/04/2013 | Dr. Adi Brender of the Bank of Israel presented an analysis of the budget performance of local authorities in Israel over the past 15 years, at the Annual Conference of the Union of Treasurers of Local Authorities in Israel held in Tel Aviv.
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Report of the activity in the Handling of Public Enquiries and Complaints in 2012
10/04/2013 | In 2012, the Banking Supervision Department dealt with 6,095 written enquiries and complaints from customers of the banks and credit card companies, and responded to about 16,400 telephone enquiries.
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Remarks by Prof. Nathan Sussman, at the Globes Real Estate Conference
09/04/2013 | Prof. Nathan Sussman, Director of the Bank of Israel's Research Department, spoke today at the Globes newspaper's Real Estate Conference. His main points follow.
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The Bank of Israel acted today in the foreign exchange market
08/04/2013 | The Bank of Israel acted today in the foreign exchange market
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Israel’s foreign currency market in March 2013
08/04/2013 | The Exchange Rate, exchange Rate Volatility and the Volume of Trade in the Foreign Currency Market
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Foreign Exchange Reserves in the BOI, March 2013
07/04/2013 | Israel’s foreign exchange reserves at the end of March 2013 stood at $76,967 million, a decline of $308 million from their level at the end of February.
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BOI Monetary Committee meets financial forecasters
04/04/2013 | The meeting serves as an exchange of views and assessments between the Bank of Israel and important financial institutions in the market.
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Requirements to locate customers with whom contact has been lost
04/04/2013 | The Banking Supervision Department has formulated draft legislative amendments to ensure that banks act effectively to locate customers with whom contact has been lost and to maintain the value of the funds held in such accounts.
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The Bank of Israel Annual Report for 2012
02/04/2013 | I submit herewith the Bank of Israel Annual Report for 2012, in accordance with Section 54 of the Bank of Israel Law, 5770–2010.
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The BOI promotes change of calculation of early repayment of a mortgage
28/03/2013 | The main change: Neutralization of the borrower's risk component
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The Bank of Israel keeps the interest rate for April–May 2013 unchanged at 1.75 percent
24/03/2013 | In accordance with the Monetary Committee's decision of January 28, 2013, this interest rate will be in effect for April and May, 2013.
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Research Department Staff Forecast, March 2013
24/03/2013 | Research Department Staff Forecast, March 2013
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Debt Developments in the Economy, January-February 2013
24/03/2013 | Business sector debt declined by about 0.3 percent to around NIS 776 billion in January. Households' housing debt increased in January by about NIS 1.5 billion (0.6 percent), to about NIS 271 billion at the end of the month.
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BOI Interest RateInflation Rate
1.5%
Interest rate for the month of May
Date of the next decision: 27/05/2013Upcoming DecisionsInterest Rate Data
Interest Rate Releases and Discussions
Inflation over the past year April, 2012 to April, 2013%0.8
Inflation target %3 - %1

Representative Exchange Rates

Latest Update: 17/05/2013
Currency (Unit) Rate Daily Change
Dollar 3.6440 -0.082%
Pound 5.5508 -0.149%
100 Yen 3.5535 -0.087%
Euro 4.6870 -0.213%
Nominal Effective Rate -0.169%
More Exchange Rates | Exchange Rates XML
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